102 Covey ChaseTuscaloosaAL35406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Tuscaloosa at 102 Covey Chase, Tuscaloosa, AL, 35406 with 5% annual appreciation on a $644,900 basis while $5,170/mo rent supports operations. Total monthly income totals $5,170/mo and a $3,156/mo payment preserves $1,530/mo for cash returns. Annual cash flow comes to $18,364/yr on $212,172 deployed, and return on cash invested reaches 28.72% in year one. Equity gained on principal adds $4,161/yr, and five-year appreciation sums $178,174 alongside rental yield of 9.62%. Five-year ROI measures 149.32% and total cumulative return in cash totals $316,820.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,170/mo property income versus a $3,156/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35406, Tuscaloosa, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,576 (100%) |
| Owner Occupied HU | 5,340 (70.5%) |
| Renter Occupied HU | 1,697 (22.4%) |
| Vacant Housing Units | 539 ( 7.1%) |
| Median Home Value | $452,157 |
| Average Home Value | $502,826 |
Housing Distribution
Address Breakdown
Residential
7,673
Single Family
6,501
Multi-Family
1,172
Businesses
439
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna Petty • HAMNER REAL ESTATE
Mls Name: WAMLS
Mls ID: #168339